from Clayton Hanley Insurance
We represent quality insurance carriers like these, so we'll provide you with multiple secondary residence insurance rates to find the right policy for you.
If you have another home aside from the one you’re currently living in, you will want to ensure it is protected at all times. Whether it is a property you use on special occasions or a vacation home you visit in summer or winter, it is essential that you take out a secondary residence insurance policy to safeguard it against disasters and other unfortunate events.
Like primary home insurance, secondary home insurance typically insures the dwelling and its contents from damages and losses caused by fires, natural disasters, theft, and burglary. It also includes personal liability coverage in the event a guest is injured or their property gets damaged while in your home.
However, unlike primary residences, second homes are considered riskier because they are frequently unoccupied. Thus, they are more vulnerable to home invasion. They are also generally located in areas susceptible to disasters such as snowstorms, hurricanes, and wildfires. Furthermore, your secondary residence may keep expensive items like a boat.
It’s, therefore, wise to obtain extra protection. Some of the options you may consider bundling with your basic policy include:
Hurricane, flood, or earthquake insurance. Standard secondary residence insurance does not cover these perils. This is crucial if your secondary home is situated in a flood-, earthquake-, or hurricane-prone area.
Boat insurance. This is important if you have a boat in your vacation home. Boat insurance basically provides property and liability coverage.
Personal umbrella insurance. This takes over if your standard policy limits are exhausted. This gives extra liability coverage in case you need to pay for a claim that is more expensive than what is covered by your policy.
Personal property insurance. Although this is already included in your standard policy, you can have this tailored to ensure all your valuables and belongings are insured.
Given that secondary residences are riskier to insure than primary homes, the coverage may cost you more. Key factors that affect secondary home insurance costs are:
Secondary homes are a good investment because they afford you and your family a change of scenery. But you don’t want to get caught in a financial mess when disaster strikes, do you?
Clayton Hanley Insurance can help you get the right coverage for your second home. Contact us today for more information.
Independent agents receive the rates for similar policies. Where you will find the difference is in the policy coverage and discounts being applied.
The team at Clayton Hanley is committed to finding every possible discount available and informing you of coverage that you might not know are available. We feel it is important to insure our customers like they are family, not simply find the lowest rate to gain your business.
An in-ground swimming pool is usually covered by home insurance, but it's typically under the "other structures" portion of your policy. This coverage can protect against damages from events like storms or vandalism. However, limits and exclusions apply, and you might need additional liability coverage for accidents related to the pool.
If you have an in-ground pool, are in the process of adding one, or considering purchasing a home with a pool, let us know and we can go over the impact it has on your premiums and additional insurance-related aspects to consider.
A typical home insurance policy in Missouri usually covers damages from several natural disasters, including windstorms, tornadoes, hail, and lightning.
However, it's important to note that most standard policies do not cover flooding or earthquakes. These types of coverage usually require additional policies or endorsements.
If you're not sure what your policy covers, or what to add additional coverage, let us know and we'll provide recommendations and rates.
Your college student might still be covered by your home insurance policy if they are living in on-campus housing and are listed as dependents on your policy. This generally extends personal property and liability coverage to them while they are away at school. Coverage limits might be lower for belongings kept at a secondary location like a dorm
However, if they are living off-campus, you might need to get a separate renters insurance policy for them.
If they take their car to another state for college, they are typically still covered by your auto insurance policy. Most auto insurance policies offer nationwide coverage, which means the policy extends to all states.
If you have a child currently attending college or headed off to their first year in the fall, let us know and we'll go over how your policy applies and what additional coverage you should consider.
Rentals are covered like it is your own car. Rental companies offer additional coverage, which would help pay for deductibles and downtime on the car in the event there is a claim. That portion would not be covered by your car insurance. Enjoy your trip!
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Clayton Hanley Insurance is a local independent insurance agency serving individuals, families, and businesses in St. Louis, Missouri.
Because we partner with quality insurance carriers, we're able to offer a range of secondary residence insurance rates in St. Louis. Contact us today to discuss your insurance needs.